Life Insurance Does Cover Pandemics: NAIC
March 25, 2020 by Allison Bell
Some U.S. life insurance policies may not cover deaths caused by war, but they do cover deaths caused by pandemics.
Regulators at the National Association of Insurance Commissioners (NAIC) address that hot topic in a brief that addresses how various types of insurance products are likely to work in the age of the Covid-19 pneumonia pandemic.
The authors of the brief have included sections on health insurance, travel insurance, annuities, business interruption insurance, workers’ compensation insurance, and general liability insurance.
In the section on life insurance, for example, the authors state, that, “There is no pandemic exclusion for life insurance. General life insurance covers pandemics, assuming you were truthful about your travel plans and exposure to illness during the application process.”